EH-TECH
InactiveSignals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 7 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-09-2021, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2021
not filed
2020
61 d late
2019
390 d late
2018
92 d late
2017
59 d late
2016
33 d early
2015
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 100 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, abbreviated schema
Equity
€68,047▲ 84.8%
2019 · €36,822
Total assets
€120,435▼ 12.5%
2019 · €137,616
Net result
€31,225▲ 328%
2019 · €7,294
Working capital
€60,468▲ 132%
2019 · €26,098
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€1,618-€8,538▲ 428%€32,798▲ 284%
Net result-€5,545-€7,294€31,225▲ 328%
Equity€29,528-€36,822▲ 24.7%€68,047▲ 84.8%
Total assets€95,383-€137,616▲ 44.3%€120,435▼ 12.5%
Debt€65,855-€100,793▲ 53.1%€52,388▼ 48.0%
Working capital€18,373-€26,098▲ 42.0%€60,468▲ 132%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 284% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €120,435
Fixed assets
€7,579 ▼ 29.3%
Current assets
€112,856 ▼ 11.1%
Equity and liabilities €120,435
Equity
€68,047 ▲ 84.8%
Debt
€52,388 ▼ 48.0%
Debt's share of the balance-sheet total falls from 73.2% to 43.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,944▲
2019 · €14,294
Cash flow
€34,370▲
2019 · €13,050
Current ratio
2.15▲
2019 · 1.26
ROE
45.9%▲
2019 · 19.8%
ROA
25.9%▲
2019 · 5.3%
Debt ≤ 1 year
€52,388▼
2019 · €100,793
Income taxes
€6,581▲
2019 · €3,081
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,559 | €5,756 | €3,146 | ▼ 45.4% |
| Gross operating margin9900 | €17,130 | €15,901 | €38,727 | ▲ 144% |
| Operating profit (loss)9901 | €1,618 | €8,538 | €32,798 | ▲ 284% |
| Recurring financial income75 | €2,344 | €4,683 | €7,372 | ▲ 57.4% |
| Recurring financial charges65 | €1,401 | €2,846 | €2,364 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €2,561 | €10,375 | €37,806 | ▲ 264% |
| Income taxes67/77 | €8,106 | €3,081 | €6,581 | ▲ 114% |
| Profit (loss) for the period9904 | -€5,545 | €7,294 | €31,225 | ▲ 328% |
| Profit (loss) for the period to be appropriated9905 | -€5,545 | €7,294 | €31,225 | ▲ 328% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €95,383 | €137,616 | €120,435 | ▼ 12.5% |
| Fixed assets21/28 | €11,222 | €10,725 | €7,579 | ▼ 29.3% |
| Tangible fixed assets22/27 | €11,222 | €10,725 | €7,579 | ▼ 29.3% |
| Current assets29/58 | €84,161 | €126,891 | €112,856 | ▼ 11.1% |
| Stocks and contracts in progress3 | €5,500 | - | - | - |
| Amounts receivable within one year40/41 | €73,728 | €126,891 | €112,856 | ▼ 11.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €95,383 | €137,616 | €120,435 | ▼ 12.5% |
| Equity10/15 | €29,528 | €36,822 | €68,047 | ▲ 84.8% |
| Contributions10/11 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €9,068 | €16,362 | €47,587 | ▲ 191% |
| Amounts payable17/49 | €65,855 | €100,793 | €52,388 | ▼ 48.0% |
| Amounts payable within one year42/48 | €65,787 | €100,793 | €52,388 | ▼ 48.0% |
| Trade debts44 | €11,206 | €25,416 | €12,684 | ▼ 50.1% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,545 | €7,294 | €31,225 | ▲ 328% |
| + Depreciation and write-downs630 | €4,559 | €5,756 | €3,146 | ▼ 45.4% |
| Operating cash flow (approximation) | -€986 | €13,050 | €34,370 | ▲ 163% |
| Investment in fixed assets (approximation) | - | -€5,259 | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
04-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 28-03-2024
2023
22-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 16-02-2023
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 390 days late
2020
31-12
Financial
Highest result since 2018net €31,225 ▲328%
Operating result €32,798, net result €31,225, both a record.
2019
31-12
Financial
Back to profitnet €7,294
Net result €7,294 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DIRK VAN COPPENOLLE Genkersteenweg 302, 3500 Hasselt |
16-02-2023 → 28-03-2024 |
| Curator | FREDERICK VAN COPPE-
NOLLE Genkersteenweg 302, 3500 Hasselt- coppenolle.be |
16-02-2023 → 28-03-2024 |
| Curator | SOFIE REPRIELS Genkersteenweg 302, 3500 Hasselt |
16-02-2023 → 28-03-2024 |